Reuters logo
ECB says selects Blackrock to help develop ABS plan
August 27, 2014 / 1:46 PM / 3 years ago

ECB says selects Blackrock to help develop ABS plan

FRANKFURT, Aug 27 (Reuters) - The European Central Bank has selected Blackrock Solutions to provide it with consultancy services in its preparations for a programme to buy asset-backed securities (ABS), an ECB spokesman said on Wednesday.

Blackrock will provide advice on the design and implementation of a potential ABS purchase programme, but all final decisions will be taken by the ECB itself, the spokesman said.

ECB President Mario Draghi said on Friday the central bank’s preparations for outright purchases of ABS were “fast moving forward and we expect that it should contribute to further credit easing.” (Reporting by Eva Taylor; Writing by Paul Carrel; Editing by Robin Pomeroy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below